On Thursday we wrote that the S&P 500 (SPX) was about to breakout of a H&S bottom pattern. The correct term should be a H&S continuation pattern.
Semantics aside, this is a bullish pattern and the bulls now want to see 1850 (formerly resistance) become support.
This Week’s Trading Lesson It is sometimes difficult to know where to begin when deciding whether a stock is worth purchasing or not. Here are 7 questions that I think everyone should ask before buying a stock, as well as what I look for when answering the questions in the most basic form. 1. Is…
JOIN OUR FREE NEWSLETTER & GET POWERFUL IDEAS DIRECTLY TO YOUR INBOX Market Tops & Bottoms: We had a great conversation earlier this week with one of our institutional clients regarding market tops & bottoms. Keep in mind, the most important and common trait all market tops and bottoms share is that they take time…
LIKE THIS POST? JOIN OUR FREE NEWSLETTER I Love People: Let me begin by saying that I love people. People fascinate me. I love learning what makes them tick (pun intended). Why they make their decisions? What fears do they have? What hopes do they have? What is holding them back? Why do some excel…
IF YOU LIKE THIS POST- JOIN OUR FREE NEWSLETTER & GET POWERFUL IDEAS DIRECTLY TO YOUR INBOX
Several Strong Setups: One thing I look for each week is strong setups. Anyone can be a great Monday morning QB and say – look at how strong XYZ is AFTER it broke out. For me, I find the real value is finding the gems before everyone else. Advanced Entry/Exit Points In Leading Stocks &…
Guest post, by Adam Sarhan 11.23.15 Earlier today Pfizer ($PFE) inked a record deal to buy Allergan ($AGN) for $155B. The deal was primarily due to help Pfizer save billions of dollars every year in taxes (a.k.a. tax inversion). Pfizer is the latest in a series of high profile companies that are moving their headquarters…